What Is Everyone Missing Here?

Don't misread this news from Target.

With Target's (NYSE: TGT) bold announcement that it does not intend to participate in the traditionally deep discounts that most retailers hawk during the holiday season, there is no shortage of bull and bear reactions to the news.

Rather than try and find meaning where there is none, Austin and Chris react to the news with a long-term investor's perspective, and try to put this announcement in the context of Target's year-long performance.